Free no deposit Bonus Forex
Thursday, 14.11.2019, 03:42
Welcome Guest | RSS
 
Main RegistrationLogin
Site menu
Login form
Earn 3-10% per
FreshForex bonus
Cripto Invest
Statistics

Total online: 1
Guests: 1
Users: 0
...
Main » 2019 » November » 5 » GOLD forecast price of gold XAUUSD 05.11.2019 Demand for the metal is reduced
10:04
GOLD forecast price of gold XAUUSD 05.11.2019 Demand for the metal is reduced

article34422.jpg

At the beginning of the trading week, gold is trading with a decrease in the background on safe assets demand reduction. Investors react to positive messages about the progress of trade negotiations between the US and China. News sources report that the first phase of the negotiations is almost completed. Now the parties are discussing the possibility of lifting the previously imposed duties. These arrangements will be included in the interim foreign trade agreement.

 

welcome bonus forex

 

 

Another factor of pressure on the precious metal in favor the US dollar. The dollar index finished trading on Tuesday, rising 0.2%. Gold denominated in US currency, so it becomes more expensive for foreign investors.


Today news geopolitics will continue to have the strongest impact on trading. In economic news is worth paying attention to the publication of data on PMI non-manufacturing sector from the ISM. Experts predict the growth rate from 52.6 to 53.5 points.


On the chart the price again failed to overcome the resistance at 1515.00. Sales are now already below 1505.00, making a priority script with continuation of the medium-term reduction of quotations in the direction of the level of 1480.00.   


Levels of resistance: 1515.00, 1530.00, 1540.00;                                             

Support levels: 1500.00, 1480.00, 1475.00.

The main scenario - a slight correction in the middle of the range of 1505.00-1515.00 and the resumption of the downward movement.

The alternative scenario - a decrease in the level of 1480.00 direction from current levels.


The market is dominated by negative fundamental background. dominated bearish signals on the graph. Within days give preference to sales, which should be sought in a range 1510.00-1515.00

 

Gold forecast today  FORTFS

 

 

 

Views: 13 | Added by: mik | Rating: 0.0/0
Total comments: 0
Only registered users can add comments.
[ Registration | Login ]
Search
Forex Brokers
WELCOME 35USD
Calendar
«  November 2019  »
SuMoTuWeThFrSa
     12
3456789
10111213141516
17181920212223
24252627282930
Entries archive
Our poll
Rate my site
Total of answers: 40
Site friends
  • Create a free website
  • Online Desktop
  • Free Online Games
  • Video Tutorials
  • All HTML Tags
  • Browser Kits
  • Rating
    Copyright Bonus-FX.com © 2019-2012
    Website builderuCoz